Stock Market & Financial Investment News

MetroPCS postpones shareholder meeting to consider revised proposalMetroPCS (PCS) announced that it has rescheduled its special meeting of stockholders to vote on matters relating to the proposed combination of MetroPCS with T-Mobile USA to April 24. The decision to postpone the meeting was mutually agreed upon by Deutsche Telekom (DTEGY) and MetroPCS to allow MetroPCS stockholders additional time to consider a proposal from Deutsche Telekom to revise the business combination agreement among MetroPCS and Deutsche Telekom.

CityFibre claims BT takeover of EE is anticompetitive, The Telegraph saysCityFibre has filed a claim with British antitrust authorities alleging BTís (BT) GBP12.5B takeover of EE is anticompetitive, reports The Telegraph, citing statements by CityFibre CEO Greg Mesch. BT has claimed that it will immediately cut costs if the takeover proposal succeeds, and CityFibre believes its earlier contract with EE to expand its fibre-optic network will be "effectively neutered." EE is a joint venture by Orange (ORAN) and Deutsche Telekom (DTEGY). Reference Link

Deutsche Telekom and Cisco launch intercloud services on OpenStackDeutsche Telekom (DTEGY) and Cisco (CSCO) are announcing a newly developed Intercloud-based services for small- and medium-sized businesses and enterprise customers. The two companies announced their Intercloud collaboration in September 2014. Deutsche Telekom and Cisco are currently setting up the necessary infrastructure for a redundant Intercloud node in Deutsche Telekom's high-performance data centers in Magdeburg and Biere near Berlin, Germany. Deutsche Telekom will deliver sovereign and highly secure services that meet Germany's strict data protection standards to business customers throughout the European region.